Rules and Regulations
promulgated
under the
Investment Company Act of 1940
Rule 2a3-1 -- Investment Company Limited Partners Not Deemed Affiliated Persons
Preliminary Note to Rule 2a3-1
This Rule 2a3-1 excepts from the definition
of affiliated person in Section 2(a)(3)
those limited partners of investment companies organized in limited partnership
form that are affiliated persons solely because they are partners under Section
2(a)(3)(D). Reliance on this Rule 2a3-1 does not except a limited partner that
is an affiliated person by virtue of any other provision.
No limited partner of a registered management
company or a business development company, organized as a limited partnership and
relying on Rule 2a19-2, shall be deemed to be an affiliated
person of such company, or any other partner of such company, solely by reason of
being a limited partner of such company.
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